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SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2018

Significant Accounting Policies

Schedule of consolidated statement of financial position

		As Previously Reported January 1, 2017				Adjustment				As Adjusted January 1, 2017
ASSETS
Total current assets		$	35,128			$	-			$	35,128
Plant, equipment and mining properties			27,739				337				28,076
Other long-term assets			30,927				-				30,927
Total assets		$	93,794			$	337			$	94,131

LIABILITIES
Total liabilities		$	32,337			$	-			$	32,337

EQUITY
Accumulated deficit			(21,875	)			337				(21,538	)
Other equity			83,332				-				83,332
Total equity			61,457				337				61,794
Total liabilities and equity		$	93,794			$	337			$	94,131

		As Previously Reported December 31, 2017				Adjustment				As Adjusted December 31, 2017
ASSETS
Total current assets		$	26,591			$	-			$	26,591
Plant, equipment and mining properties			31,952				206				32,158
Other long-term assets			44,086				-				44,086
Total assets		$	102,629			$	206			$	102,835

LIABILITIES
Total liabilities		$	33,833			$	-			$	33,833

EQUITY
Accumulated deficit			(19,083	)			206				(18,877	)
Other equity			87,879				-				87,879
Total equity			68,796				206				69,002
Total liabilities and equity		$	102,629			$	206			$	102,835

Schedule of consolidated statements of operations and comprehensive income

		As Previously Reported 2016				Adjustment				As Adjusted 2016

Revenue from mining operations		$	30,105			$	4,587			$	34,692
Cost of sales			19,161				3,800				22,961
Mine operating income			10,944				787				11,731
Operating expenses and other items			5,276				-				5,276
Net income before income taxes			5,668				787				6,455
Income taxes			4,164				275				4,439
Net income			1,504				512				2,016
Earnings per share
Basic		$	0.04			$	0.01			$	0.05
Diluted		$	0.03			$	0.02			$	0.05

		As Previously Reported 2017				Adjustment				As Adjusted 2017

Revenue from mining operations		$	33,359			$	-			$	33,359
Cost of sales			21,975				131				22,106
Mine operating income			11,384				(131	)			11,253
Operating expenses and other items			5,960				-				5,960
Net income before income taxes			5,424				(131	)			5,293
Income taxes			2,771				-				2,771
Net income			2,653				(131	)			2,522
Earnings per share
Basic		$	0.05			$	0.00			$	0.05
Diluted		$	0.05			$	0.00			$	0.05

Schedule of consolidated statements of cash flows

		As Previously Reported 2016				Adjustment				As Adjusted 2016
Cash generated by (used in)
Operating Activities
Net income		$	1,504			$	512			$	2,016
Adjustments for non-cash items:
Depreciation and depletion			1,341				572				1,913
Other changes in operating activities			1,992				-				1,992
Total before changes in non-cash working capital items			4,837				1,084				5,921
Net change in non-cash working capital items			(1,098	)			-				(1,098	)
Total cash generated by operating activities			3,739				1,084				4,823
Financing Activities
Total cash generated by financing activities			20,006				-				20,006
Investing Activities
Exploration and evaluation expenditures			(8,313	)			3,503				(4,810	)
Recovery of exploration costs from concentrate proceeds			4,587				(4,587	)			-
Other changes in investing activities			(13,683	)			-				(13,683	)
Total cash used in investing activities			(17,409	)			(1,084	)			(18,493	)
Change in cash and effect of exchange rates			6,336				-				6,336
Effect of exchange rates			43				-				43
Cash, Beginning			5,401				-				5,401
Cash, Ending		$	11,780			$	-			$	11,780

		As Previously Reported 2017				Adjustment				As Adjusted 2017
Cash generated by (used in)
Operating Activities
Net income		$	2,653			$	(131	)		$	2,522
Adjustments for non-cash items:
Depreciation and depletion			2,572				131				2,703
Other changes in operating activities			1,685				-				1,685
Total before changes in non-cash working capital items			6,910				-				6,910
Net change in non-cash working capital items			(9,077	)			-				(9,077	)
Total cash used in operating activities			(2,167	)			-				(2,167	)
Financing Activities
Total cash used in financing activities			(3,055	)			-				(3,055	)
Investing Activities
Total cash used in investing activities			(3,135	)			-				(3,135	)
Change in cash			(8,357	)			-				(8,357	)
Effect of exchange rates			(3	)			-				(3	)
Cash, Beginning			11,780				-				11,780
Cash, Ending		$	3,420			$	-			$	3,420

Summary of annual rates of depreciation on plant and equipment

Office equipment, furniture, and fixtures	20% declining balance
Computer equipment	30% declining balance
Mine machinery and transportation equipment	20% declining balance
Mill machinery and processing equipment	5 - 20 years straight line
Buildings	5 - 20 years straight line